What Is The Price Of Our Home In The State Of Florida According to the Tax assessor? |
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| By Walter Pierce |
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| In excess of 1/2 of the property closings which are going on
in the state of Florida today, as of October 27, 2009, are
either short sales, foreclosed properties or bank owned
properties. However, the tax collector/assessor has taken
the position that the transactions of those properties do
not qualify for determination for value purposes in
assessing taxes. In other words, a property that might have
been valued $1,000,000.00 and assessed at that rate 36
months ago, which has consequently sold at Three Hundred
Thousand dollars possibly will still be appraised at the
million dollar rate. According to the tax appraiser
properties which are purchased by third parties without any
collusion or any connection to the seller which fall into
those categories do not meet the criteria for
reconsideration of the taxable value. I know the state of
Florida and our counties are urgently in need of cash.
However, is it fair for the property owners to be assessed
taxes on property which is worth 30% to 40% less than the
actual value? Please if anyone has any comments or
questions, speak out. Since the tax assessor/collector is disinclined to consider closings of properties which are bank owned or foreclosed in order to reassess the appraisal for tax, this might be one other reason why tax payers may wish to consider selling the property to third party buyers for the value they are able to obtain at current market rate rather than to allow those issues to transpire. In other words, it might be an added incentive to do a private sale that would allow the new buyer to get a new assessed value and could be a probable bargaining chip. Please give this serious thought. Gregory P. Farrar, Esquire Farrar Law Firm Barrister Title Company http://www.farrarlawfirm.com |
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| Article Source: http://interpret.zar.vg | ||||
| About The Author Gregory P. Farrar is the principal attorney and founder of the Farrar Law Firm. For over 25 years, Mr. Farrar has achieved optimum results for his clients. Get your Pensacola Home Value |
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